Server Farm Realty LLC Adds Second Data Center in Chicago to Portfolio
- Jan 13, 2014
Server Farm Realty LLC has expanded its presence in the Chicagoland market with the acquisition of a data center facility. The Los Angeles-based company has acquired the data center facility located at 800 and 810 Jorie Boulevard in Oak Brook, Ill. for $16,250,000. The Oak Brook facility becomes the company’s second Chicagoland data center project after it revealed its 450,000-square-foot data center at 840 South Canal Street in Chicago in June last year.
Previously known as the Oak Brook Technology Center, the property is located on 13.49 acres of land and features two mid-rise office buildings with a total of 193,688 square feet of rentable space. The facility features expansive floor plates of contiguous, open space, optimal power capability, cutting-edge fiber cabling and direct access to numerous communications and network providers. The Oak Brook facility is designed to support tenants that are looking for first-class data center, colocation, call center, disaster recovery and Network Operations Center space.
Currently 66 percent leased, the facility accommodates numerous leading fiber optic carriers and communications providers and is also home to the headquarters of several global leaders such as McDonald’s and Ace Hardware.
“In addition to being one of the best connected facilities in the Chicago market thanks to its expansive ecosystem of existing technology tenants, the Oak Brook data center features close proximity to robust underground telecoms fiber, as well as optimal power and electrical service,” says Avner Papouchado, president of Server Farm Realty. “Backed by SFR’s deep technical capabilities, the region’s dense fiber optic network, and solid infrastructure, the facility provides tenants with the expertise, connectivity and framework necessary to succeed in today’s saturated technology market.”
The SFR Oak Brook facility sale was brokered by Transwestern Managing Directors Gary Nussbaum and Thomas Gorman, as well as Senior Associate David Matheis.
“Oak Brook Technology Center drew very strong interest from data center investors,” says Nussbaum. “The property offers access to an enormous quantity of fiber, communications providers and electrical service which meet the demands of a first class data center facility.”
Photo Courtesy of: Transwestern.